"My Lords, the hacking of Binance demonstrates that large-scale theft is far more possible in a crypto world. At present, UK banks are resisting providing accounts, financial services and credit lines to crypto service providers, but that is expected to change in the next year when the FCA’s crypto providers …..." Baroness Kramer - View Speech
"My Lords, this House used the opportunity of the Financial Services and Markets Bill to send an amendment to the other place which would enable the FCA to, in effect, enable financial institutions to release these funds based on their existing knowledge of the relationship between the parents, guardians and …..." Baroness Kramer - View Speech
"My Lords, I asked that this action be taken in an amendment to the financial services Bill, so I am very pleased that we are going to get more vigour from the FCA. I join others in insisting that that vigour be sustained. There was a second, equally important issue: …..." Baroness Kramer - View Speech
"My Lords, the Minister is someone who understands calculation. My understanding is that the Treasury and the OBR have not calculated the lost revenue from the higher visitor activity in the UK that would have resulted had this scheme not been withdrawn, have not calculated the potential revenue from the …..." Baroness Kramer - View Speech
"My Lords, this is getting more complicated. In a year or so, payments, including some salaries, will start being paid in stablecoin. What happens if you do not have an electronic wallet? Even if you have a smartphone, how can you use it to access cash from an ATM? Who …..." Baroness Kramer - View Speech
"My Lords, despite the court ruling that made it illegal to practice box shifting, as described by the noble Lord, Lord Sikka, and some of these ridiculous things such as snail farming, many local authorities are finding it hard to enforce. They do not have the resources and get caught …..." Baroness Kramer - View Speech
"My Lords, under the 2026-27 Treasury remit to the Debt Management Office, index-linked gilt issuances will account for 9.3% of total new gilt issuances. Why was this decision made when a quarter of UK gilts are already index-linked well above the international norms, when we are in a period of …..." Baroness Kramer - View Speech
"My Lords, my colleagues and noble friends Lady Sheehan and Lady Northover spoke eloquently on these issues on Report. If this amendment is pressed and the others are moved by the Government, we will support them...." Baroness Kramer - View Speech
"My Lords, I will be brief, which has been my practice—as people may have noticed —throughout much of this Bill. I open by saying thank you to the Minister and to the Box. They have been very willing to share their time with us, brief us and listen to issues …..." Baroness Kramer - View Speech
"My Lords, there is a strong argument that the businesses hit hardest by the tax rises—notably in employers’ NICs—are small businesses with more than seven employees and medium-sized businesses. Have the Government done work to look at the impact of growth on that specific sector? It is crucial in very …..." Baroness Kramer - View Speech